SB4001 creates the Industrial Business Expansion Development Program and is to be administered as a program within the Department of Economic Development to encourage the continued development, construction, operation, maintenance, and expansion in West Virginia of high impact industrial plants and facilities.
The West Virginia State Senate passed SB4001 on September 12, 2022 by a vote of 28 to 1. We assigned pluses to the nays because this legislation expands the size of government by creating a new government program and forces government to interfere in the free-market economy. Government should not be propping up and subsidizing one business over another. This interferes with competition, suppresses innovation, and sets businesses up to fail.